ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced a new partnership with Finzly to facilitate instant payments via Finzly’s Payment Galaxy.
House Ways and Means Committee Republicans issued a fact sheet pushing back on the Biden administration’s proposal to require banks to report customer account information to the IRS.
The Consumer Financial Protection Bureau launched a digital media toolkit with resources for renters and mortgage borrowers who continue to struggle financially from the coronavirus pandemic.
The Independent Community Bankers of America (ICBA) today urged the Treasury Department to examine abuses of the tax code causing increased acquisitions of community banks by tax-exempt credit unions.
The pandemic has certainly played a role in escalating fraud on a global scale and throughout many payment pathways. The sudden cross-sectioning of these payment and transaction vectors has created increases in traditional fraud schemes.
As community banks review their card offerings and examine ways to attract more cardholders, one segment meriting a closer look are affluent or higher net worth customers.
To everything there is a season, or so the market shows via today’s rebounding economic environment. Anxieties around the pandemic have dipped, leading to changing consumer behaviors.
This past year has been an intensely trying time, but if we look beyond the COVID-19 storm, we come face to face with a silver lining of opportunity. Community banks have been able to thrive during the pandemic because of who we are.
Strong consumer and business card programs are well positioned to meet bank, consumer, and business challenges fueled by excess deposits, changing payment channels, and post-COVID-19 pent-up demand.
The year 2020 drove many community banks to experiment and embark on faster payments. Concerns of payment disruption combined with the pressure to remain competitive are driving community banks to include faster payments in their strategic plans for the near future.
The Treasury Department will again extend the deadline to submit applications under its program to invest $9 billion in Minority Depository Institutions (MDIs) and Community Development Financial Institutions.
Congress is under increasing pressure to investigate credit union acquisitions of community banks, ICBA President and CEO Rebeca Romero Rainey wrote in a recent article on LinkedIn.
The Consumer Financial Protection Bureau released a Spanish-language translation of certain model clauses available for use in early-intervention written notices issued under its mortgage-servicing rules.
The Federal Reserve said it will release a new tool this month to help community banks implement the Current Expected Credit Losses accounting standard.
The Federal Housing Finance Agency issued a policy statement on its commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
The Independent Community Bankers of America today expressed its strong support for the Senate introduction of the Enhancing Credit Opportunities in Rural America (ECORA) Act to support farmers, ranchers and rural homeowners.
The IRS upgraded an online tool to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment.
